Bill > HR3084

This bill, the Veterans Jobs Opportunity Act, establishes a small business start-up tax credit for veterans who create businesses in underserved communities. The credit is equal to 15% of the qualified start-up expenditures, up to $50,000, for an "applicable veteran-owned small business" - a small business owned and controlled by one or more veterans or their spouses, with a principal place of business in an underserved community. The bill defines "underserved community" to include areas such as HUBZones, empowerment zones, and areas of low or moderate income. The credit can only be claimed for the first two taxable years of the business. The bill also requires the Treasury Inspector General to evaluate the success and accountability of the credit every four years.

Budget and Finance

https://www.congress.gov/bill/118th-congress/house-bill/3084/all-info